Regions
Fannie Mae Maintains a Steady Pace of Multifamily Issuance in the Second Quarter
Fannie Mae announced that the company issued approximately $7.6 billion of multifamily MBS in the second quarter of 2013, backed by new multifamily loans delivered by its lenders.
Firm Capital Property Trust Acquires Stake in Montreal Industrial Portfolio
Firm Capital Property Trust recently announced that it is in contract for the purchase of a 50 percent participation in a portfolio deal.
Hendricks-Berkadia Adds VP Wade Schmitz to New Houston Office
Hendricks-Berkadia, the investment sales business unit of Berkadia Commercial Mortgage LLC (Berkadia), recently announced the hiring of Wade Schmitz as a vice president with the firm.
Hines CalPERS Russia Long Term Hold Fund Acquires Stake in Moscow’s Metropolis Mall
A real estate fund managed by Morgan Stanley Real Estate Investing (MSREI) has announced the sale of a stake in the Metropolis Shopping and Entertainment Mall in Moscow to the Hines CalPERS Russia Long Term Hold Fund (HCRLTH).
Auction.com Names Rick Sharga as Executive Vice President
Auction.com, an online real estate marketplace, announced that Rick Sharga has been named executive vice president.
Economy Watch: Fed Seems Determined to Taper QE3
The Federal Reserve released the minutes from the June 18-19 meeting of the Federal Open Market Committee on Wednesday, and while (as usual), they weren’t precisely a model of clarity, the minutes did seem to reinforce the idea that the central bank is indeed planning to “taper” its QE3 stimulus program.
Karen Pribnow, Long-Time leader of NorthMarq’s Servicing Business, Announces Retirement
NorthMarq’s leader of its loan servicing business, Karen Pribnow, has announced her retirement at the end of 2013 after 40 years with the company.
Related Midwest Redesigns Luxury Chicago Condo Community
Related Midwest recently announced that it has completed the redesign of The Grant, a condo community that is part of the South Loop Luxury by Related collection in Chicago.
TODAY’S DEALS: Fisher Brothers Lands $100.7M for D.C. Development
HFF arranges financing for a TOD development in D.C.; Berkeley Point Capital closes $31.6 million for a Kennedy Wilson acquisition; and HFF arranges a $7.75 million, seven-year term, refinancing on behalf of AmeriSouth Realty.
Bell Buys Orlando Apartment Community
Bell Partners has bought Landmark at Universal for $48.26 million—or about $155,600 per unit—from Epoch Properties Inc.